OWLT Q1 2023 Earnings — Owlet, Inc. Revenue & Financial Results | Market Cap Arena

OWLTOwlet, Inc.

$97M

Q1 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$11M-50.2% YoY

Gross Profit

$4M38.7% margin

Operating Income

-$11M-102.0% margin

Net Income

-$12M-110.5% margin

EPS (Diluted)

$-1.55

QoQ Revenue Growth

-10.2%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$9M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$66M

Total Liabilities

$82M

Stockholders' Equity

-$16M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11M	$22M	-50.2%
Gross Profit	$4M	$9M	-52.6%
Operating Income	-$11M	-$22M	+49.5%
Net Income	-$12M	-$29M	+58.7%

Geographic Segments

UNITED STATES

$10M89%

Non-US

$1M11%